08-15: Arby's, Burger King, Family Dollar, Sonic, Office Building, shopping centers

1. Retail Center in Houston, TX: 10,080 SF retail center on .73 ac lot at a busy corridor near  Hwy-288. 100% leased. Tenants include: HR Block, Subway, Cricket Wireless.  NOI $173K/yr. $2.25M. 7.70% cap.
2. Arby’s in Blaine, MN: 3946 Arby’s Restaurant built in 2004 on 1.25 ac lot in growing Minneapolis suburbs. Across from Kohl’s and Menards. 100% absolute NNN corp lease with 12 yrs left. NOI $172K/yr with 1% annual rent increases. $2.3M. 7.51% cap.
3. Burger King in Cumming, GA: fast food restaurant built in 2008 on .81 ac lot in fast growing and affluent (AHI $107K/yr in 1 mile) Atlanta suburbs. Across The Avenue Forsyth: a 493,000 SF shopping center and near Hwy-19/400. 15 yrs absolute NNN corp ground lease with 11 yrs left (land is for sale, tenant owns the building). NOI $110K/yr with a 10% rent increase in 2018. $1.833M. 6% cap.
4. Shopping Center in Sugar Land, TX: 18,700 SF high-quality construction shopping center on 2½ ac lot in affluent Houston suburbs with an AHI of $109K/yr in 3 mile radius. At main entrance to the 2000 acre Telfair Master Planned Community.  90% leased. NOI $431K/yr. $5.748M. 7.50% cap.
5. Office Building in Temecula, CA: 46,464 SF two-story well kept office building constructed in 2001 on 3+ ac lot close to I-15 in Riverside County. 97% leased to multiple tenants. NOI $473K/yr. $5.899M. 8.03% cap.
6. Shopping Center in Charlotte, NC: 44,000 SF in-line well maintained shopping center on 4.41 ac lot anchored by Family Dollar, K&W, Enterprise Rent-a-Car and Weight Watchers. Next to Quorum Market Place. 100% leased. NOI $499K/yr. $5.9M. 8.45% cap.
7. Retail Center in Indianapolis, IN: 14,150 SF retail center on 1+ ac lot at high traffic location. Tenants include: Foot Peak Performance Fitness Center, Pure Essence Salon, Stop N Shred, Just Judy Restaurant. NNN leases. $1.2M. NOI/Cap not provided.
8. Family Dollar in Tarpon Springs, FL: 8290 SF brand new built-to-suit retail building on 1.21 ac lot in Tampa metro. 10 yrs NNN- corp lease. NOI $134K/yr. $1.741M. 7.75% cap.
9. Strip Center in Vancouver, WA: 7160 SF strip center on .68 ac lot in growing middle class area. 100% leased to regional/local tenants. NOI $58K/yr. $725K. 8.09% cap.
10. Sonic in Houston, TX: 1557 SF Sonic Restaurant built in 2007 on .78 ac lot in densely populated area. Adjacent to Almeda Crossing Center: a 225,000 SF anchored center and close to Walmart, Almeda Mall and I-45.  15 yrs absolute NNN corp ground lease (land is for sale, tenant owns the building) with 10 yrs left. NOI 66K/yr with a 10% rent increase in 2017. $977K. 6.75% cap. 

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